Beyond Realty
Today Darren Dowling is covering "Key Factors Affecting Home Affordability Today"
Key Factors Affecting Home Affordability Today
Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation.
Here are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each one.
1. Mortgage Rates
2. Home Prices
3. Wages
1760 GULF BLVD, #509, ENGLEWOOD, FL 34223
17966 CHERISHED LOOP, BRADENTON, FL 34211
The Best Way To Keep Track of Mortgage Rate Trends
6365 CUTLER TER, PORT CHARLOTTE, FL 33981
What You Really Need To Know About Home Prices
5125 WILLOW BREEZE WAY, PALMETTO, FL 34221
You’ve got questions and we can’t wait to answer them.